A: Basically, statistics is the “science of data.” There are three main tasks in statistics: (A)collection and organization, (B) analysis, and (C) interpretation of data.(A) Collection and organization of data: We will see several methods of organizingdata: graphically (through the use of charts and graphs) and numerically (through the use oftables of data). The type of organization we do depends on the type of analysis we wish toperform.
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Business Statistics
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